Carbon Credits (Consequential Amendments) Bill 2011

Type: Government
Portfolio: Climate Change and Energy Efficiency
Originating house: House of Representatives
Status: Act
Parliament no: 43

Summary

Part of a package of three bills to establish the Carbon Farming Initiative, the bill amends the: Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to provide that financial institutions and other persons who buy Australian carbon credit units (ACCUs) are subject to reporting and other obligations; Australian Securities and Investments Commission Act 2001 and Corporations Act 2001 in relation to the regulation of financial services for ACCUs; Australian Securities and Investments Commission Act 2001, Competition and Consumer Act 2010 and National Greenhouse and Energy Reporting Act 2007 to provide for the appropriate exchange of information between administrators; and National Greenhouse and Energy Reporting Act 2007 to extend the arrangements for reporting transfer certificates beyond 30 June 2011.

Progress

House of Representatives
Introduced and read a first time	24 Mar 2011
Second reading moved	24 Mar 2011
Second reading debate	25 May 2011
Second reading debate	15 Jun 2011
Second reading debate	16 Jun 2011
Second reading agreed to	16 Jun 2011
Third reading agreed to	16 Jun 2011

Senate
Introduced and read a first time	20 Jun 2011
Second reading moved	20 Jun 2011
Second reading debate	05 Jul 2011
Second reading debate	06 Jul 2011
Second reading agreed to	06 Jul 2011
Committee of the Whole debate	06 Jul 2011
Committee of the Whole debate	16 Aug 2011
Committee of the Whole debate	17 Aug 2011
Committee of the Whole debate	18 Aug 2011
Committee of the Whole debate	22 Aug 2011
Third reading debated	22 Aug 2011
Third reading agreed to	22 Aug 2011


Text of bill as passed both Houses	22 Aug 2011
Assent Act no.: 102 Year: 2011	15 Sep 2011

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

Referred to Committee (24/03/2011): House Standing Committee on Climate Change, Environment and the Arts; Committee report (23/05/2011)
Referred to Committee (25/03/2011): Senate Environment and Communications Legislation Committee; Committee report (27/05/2011)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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